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RNS Number : 3532A

Schroders PLC

19 December 2014

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Identity of the person whose positions/dealings are being disclosed:              Schroders plc 
 (b) Owner or controller of interests and short positions disclosed, if different 
 from 1(a): 
 The naming of nominee or vehicle companies is insufficient 
                                                                                      -------------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form        Aviva plc 
 relates: 
 Use a separate form for each offeror/offeree 
                                                                                      -------------------------------- 
 (d) If an exempt fund manager connected with an offeror/offeree, state this and 
 specify identity 
 of offeror/offeree: 
                                                                                      -------------------------------- 
 
 (e) Date position held/dealing undertaken:                                              18/12/2014 
                                                                                      -------------------------------- 
 (f) Has the discloser previously disclosed, or are they today disclosing, under the   Yes, Friends Life Group Limited 
  Code in 
  respect of any other party to this offer? 
                                                                                      -------------------------------- 
 
   2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

 
 Class of relevant security:                                       25p Ordinary 
                                                          Interests         Short positions 
                                                    --------------------  ------------------- 
                                                       Number       %       Number       % 
                                                    -----------  -------  ----------  ------- 
 (1) Relevant securities owned and/or controlled:    42,427,504   1.438% 
                                                    -----------  -------  ----------  ------- 
 (2) Derivatives (other than options):               1,306,240    0.044% 
                                                    -----------  -------  ----------  ------- 
 (3) Options and agreements to purchase/sell:                              3,140,758   0.106% 
                                                    -----------  -------  ----------  ------- 
 
   TOTAL:                                            43,733,744   1.482%   3,140,758   0.106% 
                                                    -----------  -------  ----------  ------- 
 

***Schroders can exercise the voting rights for 43,639,951 of the above mentioned shares***

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

 
 Class of relevant security in relation to which subscription right exists: 
 Details, including nature of the rights concerned and relevant percentages: 
 
 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

   3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE 
   (a)        Purchases and sales 
 
 Class of relevant security    Purchase/sale    Number of securities   Price per unit 
 
          Ordinary                Purchase            117,988                4.79 
                              ---------------  ---------------------  --------------- 
 
           Ordinary               Purchase            104,493              4.781 
                              ---------------  ---------------------  --------------- 
 
    (b)       Derivatives transactions (other than options) 
 
    Class of relevant       Product description       Nature of dealing         Number of reference     Price per unit 
         security                 e.g. CFD          e.g. opening/closing a          securities 
                                                     long/short position, 
                                                    increasing/reducing a 
                                                     long/short position 
 
                                                         Opening a long 
          Ordinary                   CFD                    position                   400,000             4.7708608 
                           ---------------------  -------------------------  ------------------------  --------------- 
 
                                                         Opening a long 
          Ordinary                   CFD                    position                   250,000              4.774386 
                           ---------------------  -------------------------  ------------------------  --------------- 
 
   (c)        Options transactions in respect of existing securities 
   (i)         Writing, selling, purchasing or varying 
 
   Class of       Product        Writing,      Number of       Exercise          Type       Expiry date   Option money 
   relevant     description    purchasing,     securities      price per         e.g.                        paid/ 
   security      e.g. call       selling,       to which         unit         American,                   received per 
                   option      varying etc.      option                        European                       unit 
                                                relates                          etc. 
 
 
   (ii)        Exercising 
 
 Class of relevant security   Product description   Number of securities   Exercise price per unit 
                                e.g. call option 
 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant security         Nature of dealing          Details   Price per unit (if applicable) 
                               e.g. subscription, conversion 
 
 

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

   4.         OTHER INFORMATION 
   (a)        Indemnity and other dealing arrangements 
 
 Details of any indemnity or option arrangement, or any agreement or understanding, formal 
  or informal, relating to relevant securities which may be an inducement to deal or refrain 
  from dealing entered into by the person making the disclosure and any party to the offer or 
  any person acting in concert with a party to the offer: 
  If there are no such agreements, arrangements or understandings, state "none" 
 
   N/A 
 
   (b)        Agreements, arrangements or understandings relating to options or derivatives 
 
 Details of any agreement, arrangement or understanding, formal or informal, between the person 
  making the disclosure and any other person relating to: 
  (i) the voting rights of any relevant securities under any option; or 
  (ii) the voting rights or future acquisition or disposal of any relevant securities to which 
  any derivative is referenced: 
  If there are no such agreements, arrangements or understandings, state "none" 
 
   N/A 
 
   (c)        Attachments 
 
 Is a Supplemental Form 8 (Open Positions) attached?   Yes 
 
 
 Date of disclosure:     19/12/2014 
 Contact name:          Chloe Talbot 
                       -------------- 
 Telephone number:      0207 658 2305 
                       -------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 Identity of person whose open positions are being disclosed:                               Schroders plc 
 Name of offeror/offeree in relation to whose relevant securities the disclosure relates:     Aviva plc 
                                                                                           -------------- 
 
   2.         OPTIONS AND DERIVATIVES 
 
    Class of           Product          Written or        Number of      Exercise price        Type        Expiry date 
    relevant         description        purchased       securities to       per unit      e.g. American, 
    security          e.g. call                          which option                     European etc. 
                       option                           or derivative 
                                                           relates 
    Ordinary         Call option         Written          (804,139)          5.4485          European      06/01/2015 
                  ----------------  -----------------  ---------------  ---------------  ---------------  ------------ 
    Ordinary         Call option         Written          (619,133)         5.40737          European      15/01/2015 
                  ----------------  -----------------  ---------------  ---------------  ---------------  ------------ 
    Ordinary         Call option         Written          (816,835)         5.61488          European      27/01/2015 
                  ----------------  -----------------  ---------------  ---------------  ---------------  ------------ 
    Ordinary         Call option         Written          (804,139)         5.63523          European      10/02/2015 
                  ----------------  -----------------  ---------------  ---------------  ---------------  ------------ 
    Ordinary         Call option         Written           (96,512)         0.05845          European      12/03/2015 
                  ----------------  -----------------  ---------------  ---------------  ---------------  ------------ 
 
   3.         AGREEMENTS TO PURCHASE OR SELL ETC. 
 
 Full details should be given so that the nature of the 
  interest or position can be fully understood: 
 
 

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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